HR. 2988In Committee
Protecting Prudent Investment of Retirement Savings Act
Requires employer retirement plan fiduciaries to base investment and shareholder decisions primarily on pecuniary factors and give specified participant notices
Plain-English overview
What this bill does
Requires employer retirement plan fiduciaries to base investment and shareholder decisions primarily on pecuniary factors and give specified participant notices
Key points
- Require pecuniary investment decisions
- Require participant investment notices
- Prohibit discrimination in plan selection
- Allow limited nonpecuniary considerations
Current status
Where it stands
Status
In Committee
Latest action
2026-01-26 — Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Related context
Topics and policy areas
undefinedBusiness ethicsEmployee benefits and pensionsFinancial services and investmentsLabor and Employment